CENTURY ENKA Announces Quarterly Results (3QFY20); Net Profit Down 55.0%

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CENTURY ENKA Announces Quarterly Results (3QFY20); Net Profit Down 55.0%
Thu, 6 Feb

CENTURY ENKA has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

CENTURY ENKA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m4,7193,3443,69610.5%-21.7%
Other incomeRs m9214768-53.9%-26.0%
TurnoverRs m4,8103,4913,7647.8%-21.8%
ExpensesRs m4,3453,2183,5069.0%-19.3%
Gross profitRs m32812719050.1%-42.0%
DepreciationRs m114115113-1.7%-1.0%
InterestRs m876-8.8%-26.2%
Profit before taxRs m297153139-8.9%-53.2%
TaxRs m94-30847-49.5%
Profit after taxRs m20446092-80.1%-55.0%
Gross profit margin%6.93.85.1
Effective tax rate%31.5-201.634.0
Net profit margin%4.213.22.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 21.7% on a year-on-year (YoY) basis. The expenses were down by 19.3% YoY during the same period.
  • The company's operating profit declined by 42.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5.1% in 3QFY20 as against 6.9% in 3QFY19.
  • Depreciation charges declined by 1.0% and finance costs declined by 26.2% YoY, respectively.
  • Other income declined by 26.0% YoY during the quarter.
  • Net profit for the quarter declined by 55.0% YoY. Net profit margins during the quarter declined from 4.2% in 3QFY19 to 2.4% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 10.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 9.0% QoQ during the same period.
  • The company's operating profit increased by 50.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 5.1% in 3QFY20 as against 3.8% in 2QFY19.
  • Net profit for the quarter declined by 80.1% QoQ, while net profit margins declined from 13.2% in 2QFY19 to 2.4% in 3QFY20.

To see how CENTURY ENKA has performed over the last eight quarters,please visit here.

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CENTURY ENKA Share Price Performance

Over the last one year,CENTURY ENKA share price has moved down from Rs 237.2 to Rs 183.1, registering a Loss of Rs 54.1 or around 22.8%.

Overall, the S&P BSE SENSEX is up 12.9% over the year.

Current Valuations

At the current price of Rs 183.1, the price to earnings (P/E) ratio of CENTURY ENKA stands at 4.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.4 times.

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